AIZ air new zealand limited

“The New Zealand government has agreed to bail out the nation's...

  1. 3,193 Posts.
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    “The New Zealand government has agreed to bail out the nation's only major airline, Air New Zealand, with a $NZ900 million ($891 million) loan facility if it were to run out of cash amid the Covid-19 Pandemic.

    Conditions to the agreement include the cancellation of its $NZ123 million interim dividend.

    AFR 20/3/2020

    ————-
    No CR in my view, just need the flights going in NZ and into Australia for her to rebound. Seems in progress a domestic return to service anyway if you check the recent news....

    My personal view that within the next 2-3 weeks or less if Qantas also returns to some kind of normal local travel AIZ could be around $1.30 IMO

    Last edited by Stocks78: 19/05/20
 
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